05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Animal Proteins – International
The market into Indonesia was reported in a wide range, $460 – 500 CIF. Sellers reported heavy action in the $465 – 470 range, but nearby shipments out of the ANZ market are trading at a premium. Trading into China was done as high as $530 CIF.
Australian MBM prices were higher, helped by tight supplies and increased values into the export market. Domestic MBM prices were reported AUS$600 – 620 DCT. Poultry meal trading was reported…